WeWork India Financial Results Q2 FY26

WeWork India has revealed its financial outcomes for Q2 FY26 following its recent entry into the Indian stock markets last month. The firm reported a profit of Rs 6.4 crore in the second quarter.

The company’s operational revenue increased by 23% year-on-year, reaching Rs 575 crore in Q1 FY26 compared to Rs 469.5 crore in the same quarter last year, as detailed in its financial report sourced from the NSE. Additional income amounted to Rs 10.5 crore, cumulatively raising the total income for the quarter to Rs 585.5 crore.

Half-Year Financial Summary

On a half-year basis, the company’s revenue rose by 21%, amounting to Rs 1,110 crore in H1 FY26 compared to Rs 918 crore in H1 FY25.

Expenditure Breakdown

In terms of expenses, depreciation emerged as the largest cost, accounting for Rs 231 crore, while employee benefit expenses rose to Rs 48 crore. Finance costs reached Rs 153 crore, resulting in a total cost of Rs 579 crore for the second quarter.

Profit Decline

WeWork’s profit plummeted by 97%, equating to Rs 6.4 crore in Q2 FY26 versus Rs 203 crore in Q2 FY25. It is notable that in Q2 FY25, the company benefitted from a deferred tax credit of Rs 235 crore, which substantially influenced a profit after tax of Rs 203 crore.

For the half-yearly report, the company faced a loss of Rs 8 crore in H1 FY26 compared to a profit of Rs 174.5 crore in H1 FY25.

Initial Public Offering Details

WeWork India’s initial public offering (IPO) was valued at Rs 3,000 crore, entirely comprising an offer-for-sale (OFS). The promoting entity, Embassy Buildcon LLP, sold shares totalling Rs 2,294 crore, while 1 Ariel Way Tenant, an affiliate of WeWork Global, divested shares worth approximately Rs 706 crore.

Stock Market Debut

The firm had a flat debut on Indian stock exchanges, with shares listed at Rs 650 each, reflecting a mere 0.3% premium over its issue price of Rs 648. On the BSE, the stock opened at Rs 646.5. By the end of the trading session today, WeWork India’s shares concluded at Rs 623.9, culminating in a total market capitalisation of Rs 8,361 crore ($942 million).